Armenian banks’ loans to individuals hike 22% in 2013

YEREVAN, February 21. /ARKA/. Armenian commercial banks’ loans to individuals rose by 22% to 601.5 billion drams in 2013, with share of these lending receivables at 33.6% in loan portfolio of banks in 2013.

Loans to clients and other lending amounted to about 1,787.9 billion drams, according to interim financial reports of the banks for Q4 2013.

An analysis by ARKA showed ACBA-CREDIT AGRICOLE BANK was leader in lending to individuals as of the end of 2013 with its share in overall volume at 16.8%. Loans to individuals accounted for 58.6% of the overall lending by the bank and amounted to about 101.3 billion drams.

Other leaders are Bank VTB (Armenia) – over 86.6bln drams, Unibank – 51.2bln drams, Ardshininvestbank – about 51bln drams and Conversebank – over 44bln drams. Share of loans to individuals in overall lending by these banks was 37%, 44.6%, 29.8% and 52.9% respectively.

There were 21 commercial banks operating in Armenia as of the end of December 2013. ($1=412.44drams). –0—

spot_img

POPULAR

Armenia and Georgia aim for instant payments and unified QR codes: new steps in fintech integration

Armenia and Georgia are exploring deeper cooperation in financial technology, including synchronizing instant payment systems, simplifying bank account opening, and implementing unified QR codes, announced by Varlam Ebanoidze, Head of the Financial and Supervisory Technologies Development Department at the National Bank of Georgia.

External shocks are having little impact on Armenia so far, but investor caution will grow – INTERVIEW

Amid the S&P 500's worst quarter since 2022, rising global anxiety, and persistent geopolitical uncertainty, investors are increasingly asking whether this is a temporary market reaction or a deeper shift in investment logic.

Euro and dollar depreciated against the Armenian dram, while the ruble rose slightly: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of April 9, 2026, fell by 0.26 points compared to April 8, to 376.06 drams.

Central Bank of Armenia views stablecoins as a strategic priority

The Central Bank of Armenia considers it important to address the challenges faced by real people and businesses, and it is through this lens that it views stablecoins as a strategic priority, stated Martin Galstyan, Chairman of the Central Bank of Armenia.

IDBank Participates in Regional Conference of the Union of Banks of Armenia, Presenting Innovative Tools for the SME Sector

IDBank took part in the regional conference “Opportunities and Prospects for Cooperation between Business and the Banking System in Lori Region,” held in Vanadzor and organized by the Union of Banks of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img